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  • SOFTS-Arabica coffee steady, producer selling caps upside Wednesday, 31 Oct 2012 | 1:44 PM ET

    *Arabica market under pressure from Brazil producer selling. *Brazil dry weather could see sugar output revised higher. LONDON, Oct 31- Arabica coffee futures were steady on Wednesday as selling from top producer Brazil weighed and dealers monitored weather conditions in the U.S. after exchange stocks on the east coast were unscathed by stormy weather.

  • *Market awaits China's official PMI on Thursday. LONDON, Oct 31- London copper rose more than 1 percent as the dollar weakened against the euro on Wednesday, but the metal was still on track for a monthly loss on uncertainty about demand from top consumer China.

  • UPDATE 2-Phillips 66 quarterly profit up on good margins Wednesday, 31 Oct 2012 | 1:39 PM ET

    The company's margins were also higher than expected in Europe and the Atlantic Basin, which helped drive the earnings beat, Roger Read, analyst for Wells Fargo said in a note to clients. The Houston company had a third-quarter profit of $1.6 billion or $2.51 per share, compared with $1 billion or $1.65 per share a year earlier.

  • JPMorgan sues former London Whale boss-report Wednesday, 31 Oct 2012 | 1:30 PM ET

    Oct 31- JPMorgan Chase& Co has filed suit against the former boss of Bruno Iksil, the trader known as the London Whale for the outsized derivatives positions he took that cost the bank $6.2 billion this year, according to a published report. JPMorgan executives said in July the bank would act to take back pay from traders and supervisors involved in the loss.

  • Iran and Syria swap fuels as both aim to dodge sanctions Wednesday, 31 Oct 2012 | 1:29 PM ET

    LONDON, Oct 31- Iran and Syria have arranged a gasoline-for-diesel swap, helping each other overcome international sanctions that have cut them off from fuel supplies needed to keep their economies afloat and support their armies.

  • UPDATE 3-PVH to buy Warnaco for Calvin Klein control Wednesday, 31 Oct 2012 | 1:26 PM ET

    *Offer of $68.43 a share represents a premium of 34 percent. Oct 31- PVH Corp will buy rival Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal that will give the company control of the Calvin Klein clothing brand.

  • By Harry Papachristou and George Georgiopoulos. ATHENS, Oct 31- The Greek government on Wednesay predicted worse-than-expected recession in 2013 and downgraded a rare positive note in its budget, highlighting the toll of repeated rounds of austerity.

  • Teen deaths case behind French riots reopens Wednesday, 31 Oct 2012 | 1:03 PM ET

    PARIS-- France's highest appeals court on Wednesday reopened a trial of two police officers accused of failing to help two teenagers whose 2005 electrocution deaths sparked riots across the country.

  • LONDON, Oct 31- World shares and the euro edged up on Wednesday as investors braced for a storm-hit Wall Street to reopen after its two-day closure and looked ahead to economic data later in the week. Equity futures are higher, so people are expecting a positive opening,'' said Arne Lohmann Rasmussen, head of currency research at Danske Bank in Copenhagen.

  • UPDATE 3-ECB warned to take care with its assets Wednesday, 31 Oct 2012 | 11:54 AM ET

    OSAKA, Japan, Oct 31- The European Central Bank must be careful about risks to its assets, Executive Board member Benoit Coeure said on Wednesday, suggesting the bank may take a cautious approach to its new bond-buying scheme. It was echoed by a call from the ECB's former president, Jean-Claude Trichet, for the bank to be ``extremely vigilant'' about its assets.

  • *Market eyes China official PMI on Thursday. LONDON, Oct 31- London copper bounced more than 1 percent as the dollar weakened on Wednesday and short-term speculators switched to risk-on trading, but the metal was on track for a monthly loss as uncertainly persisted about demand from top consumer China.

  • GENEVA, Oct 31- The world's leading economies must try harder to keep their markets open to counter slowing global growth, international agencies said on Wednesday.

  • GM posts profit, sees break even in Europe by mid-decade Wednesday, 31 Oct 2012 | 11:29 AM ET

    DETROIT, Oct 31- General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

  • *Proposes dividend of $0.20 from 2013, vs $0.75 in 2012. BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • UPDATE 3-Barclays hit by fresh U.S. investigations Wednesday, 31 Oct 2012 | 11:17 AM ET

    *Barclays may be hit soon with penalty on past U.S. power prices. LONDON, Oct 31- Barclays, already rocked by an interest rate rigging scandal, unveiled new U.S. regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.

  • OECD, WTO, UN urge G20 powers to keep markets open Wednesday, 31 Oct 2012 | 11:03 AM ET

    GENEVA, Oct 31- The Group of 20 leading economies must redouble efforts to keep their markets open to spur global economic growth and restore certainty, international agencies said on Wednesday.

  • UPDATE 3-Brent rises over $109; recovery eyed after Sandy Wednesday, 31 Oct 2012 | 10:59 AM ET

    *Power outages, flooding hit U.S. East Coast after Sandy. LONDON, Oct 31- Brent crude rose to above $109.50 a barrel on Wednesday, supported by a weaker dollar, as the U.S. East Coast began to pick itself up after storm Sandy, but gains were capped by demand worries in the world's largest oil consumer.

  • WRAPUP 1-Polish, Czech PMIs point to more weakness Wednesday, 31 Oct 2012 | 10:20 AM ET

    The figures pointed to an overall economic slowdown in the third quarter in Poland, whose impressive growth has begun to fizzle out, and an extension of the recession that has strangled the Czech economy since the last quarter of 2011..

  • *Net income forecast Y765 bln loss vs prior Y50 bln profit. TOKYO, Oct 31- Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring.

  • LONDON, Oct 31- European shares and the euro rose on Wednesday as investors looked ahead to key economic data and waited for Wall Street to re-open after a two-day closure.